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Maersk to cut jobs in reorganization

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Global shipping company Maersk is cutting jobs as part of a reorganization.

The company is folding its Damco freight-forwarding business and Africa-focused carrier Safmarine into its own operations by year's end.

The restructuring will impact up to 27,000 employees, but a spokesperson did not say how many jobs would be cut. The company has 80,000 employees.

Read more from Reuters.

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